Canal across Nicaragua to be built

A Chinese firm will be awarded to construct Nicaragua canal alternative to the Panama canal. The new waterway would be built through Nicaragua to connect the Caribbean Sea and Atlantic Ocean with the Pacific Ocean. As a Nicaragua president Daniel Ortega said, the new canal would be not constructed along the the river San Juan, but would go through the waters of Lake Nicaragua. The funds of global investors will be used by Chinese company to build the 40$ billion project.